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Afghanistan, Uzbekistan sign Power Purchase Agreement for ten years


 
 
Eng. Amanullah Ghalib, Chief Executive Officer of DABS attended the first meeting of the Energy Ministers of the Central Asia Regional Economic Cooperation (CAREC) in Tashkent. The meeting was attended by the Ministers of the member countries of the Central Asia Regional Economic Cooperation (Afghanistan, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Uzbekistan, Turkmenistan and the representatives of some other member states). Afghanistan signed a ten-year power purchase agreement with the Uzbek Ministry of Energy and Water, and this is the first important step in the purchase of electricity in the history of Afghanistan. On the sidelines of the meeting, Prof. Mohammad Homayun Qayumi, Acting minister of the Ministry of Finance and Eng. Amanullah Ghalib, Chief Executive Officer of DABS, met with Head of Turkmen Energy which during that meeting an agreement was also reached on the "synchronization" of electricity networks with Central Asian countries (Turkmenistan - Uzbekistan) that saves $ 6 million annually and turns Afghanistan into a four-way power transmission The private sector will also be allowed to sell and transmit electricity, which is an important step in bringing benefits to the private sector and investors. DABS and ministry of finance who have been planning to synchronize the power grids with Central Asia several years ago. Fortunately, at the meeting of the Energy Ministers of the Central Asia Regional Economic Cooperation (CAREC), Afghanistan was able to reach an agreement with the Central Asian countries and which we need to appreciate from the efforts of Prof. Mohammad Homayoun Qayumi, acting minister of the Ministry of Finance of the Islamic Republic of Afghanistan. All the costs of this important regional project are funded by ADB. It is remarkable that, it was the first meeting of the Ministers of Energy of the Central Asia Regional Economic Cooperation, which Prof. Mohammad Homayoun Qayumi, acting minister of the Ministry of Finance and the Islamic Republic of Afghanistan, and Eng. Amanullah Ghalib, Chief Executive Officer of DABS were attended the meeting.